Over 2,600 Subsidiaries of Large Corporations to Mandate 22% Eco-Friendly Vehicle Ratio Starting Next Year

[Asia Economy Reporter Kwon Haeyoung] Starting next year, more than 2,600 affiliated companies of publicly disclosed business groups with assets exceeding 5 trillion won must purchase 22% of their work vehicles as eco-friendly vehicles.

Additionally, taxi, bus, and freight vehicle operators must also fill a certain percentage of their new vehicle purchases with eco-friendly vehicles.

This is the first time such an eco-friendly vehicle ratio has been allocated to private companies.

According to the Ministry of Trade, Industry and Energy on the 4th, the government recently finalized the "Environmentally Friendly Annual Purchase Target Act." After a legislative notice period, it will be enforced starting January 28 next year.

Under this act, 2,616 publicly disclosed business groups designated by the Fair Trade Commission with assets exceeding 5 trillion won must fill 22% of their new vehicle purchases with eco-friendly vehicles, including 13% electric and hydrogen vehicles.

This means that if 100 new vehicles are purchased, 13 must be electric or hydrogen vehicles, and the remaining 9 can be chosen from electric, hydrogen, or hybrid vehicles.

Eleven taxi companies owning more than 200 vehicles must purchase 7% electric or hydrogen vehicles, and similarly, 26 city bus companies with more than 200 vehicles must apply a 6% purchase ratio of electric or hydrogen vehicles.

Freight transport companies must fill 20% of their 1-ton freight vehicle purchases with eco-friendly vehicles.

Considering that freight transport companies often do not operate vehicles directly but rather lease them, this regulation will apply only to 72 companies, including parcel delivery operators and certified excellent logistics businesses.

This content was produced with the assistance of AI translation services.